The extraordinary General Assembly of Ikarus United Marine Services Company convened on Wednesday, July 31, 2024, and approved the Board of Directors' proposal to increase the company’s authorized, issued, and paid-up capital from KD 5 million to KD 6 million, representing an increase of one million Kuwaiti dinars. Each share is valued at 100 fills. This cash increase will be paid in a single installment and allocated to the current shareholders recorded in the company's books as of the date of the General Assembly, proportionate to their share of the capital. Additionally, the Board of Directors has been authorized to establish the regulations, conditions, and guidelines for capital increases. 

As a result, Article (8) of the Articles of Incorporation and Article (5) of the Articles of Association related to the company's capital have been amended as follows: 

The company’s authorized and issued capital is now set at KD 6 million, divided into 60 million shares, each valued at 100 fills, and all shares will be cash.  

The company’s paid-up capital remains at KD 5 million, distributed across 50 million shares, with each share also valued at 100 fills, and all shares in cash.